Stagflation refers to the combination of high unemployment and high rates of inflation characteristic of the 1970s.

Name: Stagflation refers to the combination of high unemployment and high rates of inflation characteristic of the 1970s.
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Stagflation is an economic condition that occurs when an economy experiences stagnant growth, high unemployment, and high inflation simultaneously, a phenomenon notably observed during the 1970s.

Stagflation Refers to the Combination of High Unemployment and High